The Firing Line Forums - View Single Post - Japanese Computer Is World's Fastest, as U.S. Falls Back

**Mike Irwin** · April 21, 2002, 08:36 PM

"As for the Japanese economy being a house of cards... aren't they just modeling themselves after us?"

No, there are significant and critical differences between the American and Japanese economies and how they are structured and controlled.

Until the recent slowdown, the American economy was booming.

The Japanese economy remains in a virtual limbo, pretty much where it's been for going on 10 years now. Japanese banks made risky real estate (and other) loans to a level that really was unimaginable in the United States, and that caused quite a bit of the floor to drop out of their economy. Problem is, they've yet to recover.

After less than 2 years since the dotbomb shake out the American economy is showing positive signs of recovery.

April 21, 2002, 08:36 PM	#22
Mike Irwin Staff Join Date: April 13, 2000 Location: Northern Virginia Posts: 41,380	"As for the Japanese economy being a house of cards... aren't they just modeling themselves after us?" No, there are significant and critical differences between the American and Japanese economies and how they are structured and controlled. Until the recent slowdown, the American economy was booming. The Japanese economy remains in a virtual limbo, pretty much where it's been for going on 10 years now. Japanese banks made risky real estate (and other) loans to a level that really was unimaginable in the United States, and that caused quite a bit of the floor to drop out of their economy. Problem is, they've yet to recover. After less than 2 years since the dotbomb shake out the American economy is showing positive signs of recovery. __________________ "The gift which I am sending you is called a dog, and is in fact the most precious and valuable possession of mankind" -Theodorus Gaza Baby Jesus cries when the fat redneck doesn't have military-grade firepower.